Information for the community of Greendale

Greendale Real Estate

Greendale, Wisconsin Real Estate

Greendale, Wisconsin is a village in Milwaukee County that serves as home for to just fewer than 15,000 residents. Greendale is one of the best places to live near Milwaukee. It was developed with the model of an English garden in mind, and is therefore nicknamed “The Garden Community.” More than just gardens, the Village of Greendale boasts lush green parks, recreational areas, a booming business community and exceptional schools.

The housing market in Greendale is expansive and diverse. There are many houses for sale in Greendale, Wisconsin at a wide variety of price points. Old homes with modern updates as well as modern, newly constructed homes are characteristic of the great variety of homes for sale in Greendale. The most classic Greendale properties are the Greendale “originals,” which are English cottage-style colonial houses built in the 1930s. In addition to the many large, single-family homes, there are also many apartments, condominiums and duplexes for rent and for sale in Greendale.

Greendale Amenities

Greendale, Wisconsin has an extensive park and recreation department. Scout Lake Park, Whitnall Park, Boerner Botanical Gardens and Lion’s Park are just a few of the beautifully planned parks that make up Greendale. The entire village is on the National Register of Historic Places and is one of the planned communities that arose from President Roosevelt’s New Deal in an attempt to create jobs and affordable housing. Its tree-lined streets and paths connecting neighborhoods add to the quaint, nostalgic charm of Greendale. That charm is evident especially in the Greendale “originals” — English cottage-style colonial houses that were built in 1938 when FDRs plan created the city. Because of Greendale’s dedication to celebrating its original heritage, it was designated a Preserve America Community by First Lady Michelle Obama in 2011.
The business and retail opportunities in Greendale are exceptional. Many small businesses flourish in Greendale with the help of the Greendale Chamber of Commerce. The village houses Southridge Mall, home to 109 stores and restaurants, as well as many unique shops, quaint boutiques and charming restaurants. Be sure to check out the shops on Broad Street and the 76th Street shopping district!
In addition to Greendale’s excellent retail opportunities, it has many can’t-miss restaurants. For the best pizza in town, check out Ricardo’s Pizza. Many Greendale residents fondly remember Twi-Night Little League victories celebrated at this Greendale gem. Their crispy, thin crust is topped with a perfectly balanced sauce (not too sweet, not too spicy!) and your choice of toppings. Try the Greendale Original with pesto, fresh mozzarella, basil and Ricardo’s bruschetta mix for a delicious, filling dinner. Be sure to leave some room for custard! Across the street from Ricardo’s, you’ll find Ferch’s Malt Shoppe. This 50s-style fountain shop is home to incredibly creamy, sweet custard mixed on a cold, marble top with whatever you choose! For some over-21 fun, don’t miss Ray and Dots, a Greendale watering hole that was previously a Veterans of Foreign Wars post. Don’t be fooled by the change in name – you’ll still find plenty of veterans hanging out in this Greendale treasure sitting side-by-side and chatting with young 20-somethings. Bring some quarters and pick a song on their jukebox to shake things up! Of course, after a long night of fun, Greendale has ample breakfast spots. Stop in at National Bakery for the best chocolate frosted donuts you’ll ever taste. They also offer beautiful cakes, cupcakes, breads and assorted pastries.

In the way of events, Greendale excels once again. The Fourth of July celebration is host to a family-friendly parade and tasty corn roast, all topped off with a spectacular fireworks display. Don’t miss the Village Days Celebration in August! This three-day long festival includes a parade and more fireworks to top off the summer. In the fall, be sure to check out the Hay Days Fall Festival, featuring tractor-drawn hay-rides, square dancing, a petting zoo and live music. The Hay Days Fall Festival is an excellent opportunity to take a break from the back-to-school mayhem and see the beautiful changing leaves in The Garden Community. When the temperature drops, stop in at “A Dickens of a Christmas,” Greendale’s holiday celebration featuring horse-drawn carriage rides and over 100,000 lights illuminating the streets of Greendale, Wisconsin.

Greendale Schools

Greendale schools are recognized as some of the best in the nation. Students in Greendale are offered many opportunities through their three elementary schools, one middle school, one high school and one charter school. Greendale students benefit from both award-winning, nationally-ranked public schools as well as a variety of private school options. The Greendale School District is, in fact, the largest employer in Greendale.

History of Greendale

Greendale was created as a combination of two models: President Roosevelt’s New Deal communities and English Garden towns. Greendale is one of the “Greenbelt” communities developed in 1938 as part of President Roosevelt’s New Deal. In the wake of the Great Depression, Greendale was developed as a new age “suburban community” to create affordable housing and new jobs. Interestingly, Greendale was also based on a model of a garden community, as is evident through the lush expanses of parks and green spaces in this quaint town.

Market Conditions for Greendale

Median Sale Price

The median sale price for homes in August was $255,000. The median sales price for homes in August rose by $8,000 compared to last month. This represents a 3.23% increase from July. Compared to the same month last year, the median price of homes rose by $21,250 representing a 9.09% year-over-year change.

Homes for Sale

The inventory of homes for sale remained level in August to . Compared to the same month last year when there were homes for sale, the inventory of homes for sale has did not change representing a % year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Homes Sold

The 23 homes sold in August was 4 more than in July. This represents a 21.05% increase in sales from July. Compared to the same month last year, the number of homes sold decreased by 1, a -4.16% year-over-year decrease.

Homes sold is the total count of properties in the market area that have had a closed sale during the specified month as reported in the MLS systems operating within the market area.

Avg Days on Market

The average days on market for a home sold in August (16) increased by 4 days compared to July. This represents a 33.33% increase in days on market for homes in the market from the previous month. Compared to the same month last year, the days on market for homes sold decreased by 6, a -27.27% year-over-year change.

Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.

Sale/List Price Ratio

The Sale/List Price Ratio of 99.41% in August fell by 0.24% compared to July and decreased 0.92% compared to the same period last year.

Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.

New Homes

The number of homes listed in August (27) rose by 10 compared to July, a 58.82% change. Compared to August 2018, the number of new listings increased by 10, a 58.82% year-over-year change.

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.

Median List Price

The median list price in August was $250,000. The median list price for homes in August fell by ($9,900) compared to last month. This represents a 3.8% decrease from July. Compared to the same month last year, the median list price of homes increased $20,100 representing a 8.74% year-over-year increase.

Rates and fees are subject to adjustments based on your credit score and the loan-to-value ratio. Rates and fees are also subject to change without notice. Other rates and loan programs are available.
All applications are subject to current underwriting guidelines and credit approval. EHL NMLS#280412

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